WASHINGTON – Rep. Donald Payne, Jr. (D-10) has added his name as a co-sponsor to the Credit union Small Business Jobs Creation Act (H.R. 688) that would increase the credit union member business lending (MBL) cap.

New Jersey credit union representatives meeting with Rep. Payne, Jr. (center) during a special small business Hike-the-Hill last November.

Payne was elected in last November to complete his late father’s term, and to a full term in the 113th Congress. Just days after assuming office, he took time to meet with N.J. credit union advocates during the November 29 special small business Hike-the-Hill. One of his first official acts was to add his co-sponsorship to MBL reform. Following last month’s GAC Hike-the-Hill, he added his name yesterday to the new MBL reform bill.

“This is another example of the value of taking time to meet with our lawmakers,” said NJCUL Director of Government Affairs Chris Abeel. “We will continue to recruit co-sponsors and expect we’ll have at least half our House delegation adding their names to MBL reform,” he continued.